Re: Purchase of Repossessed House

>> Any suggestions as to what I can do to get the property removed from
>> the market upon acceptance of this or a higher offer?
>
> I had this, there was a price put on the repossessed house by the estate
> agent handling the sale which I agreed to, no offers or messing about. A
> few days go by, a phone call, "we have had a better offer", I agreed to
> pay more than the asking price by a few thousand, a few more days, "we
> have had a better offer" I told them to take it, eventually the house
> sold, I don't know how much for, but presumably considerably more than the
> asking price. I was a bit disgusted with the whole deal and next time
> would only deal with am actual seller, rather than a building
> society/bank.


The building society/bank are the actual seller! Once the property has been
repossesed the borrower has no say in the matter. That is what repossession
means.

Peter Crosland


.

Relevant Pages

  • Re: Purchase of Repossessed House
    ... > by the agent that they'd received a higher offer which is still being ... > where the agent is possibly inflating the price ... > the market upon acceptance of this or a higher offer? ... there was a price put on the repossessed house by the estate ...
    (uk.legal)
  • Re: Purchase of Repossessed House
    ... >> We're in the process of purchasing a repossessed house. ... >> by the agent that they'd received a higher offer which is still being ... >> where the agent is possibly inflating the price ... >> the market upon acceptance of this or a higher offer? ...
    (uk.legal)